Talent.com raises $120M to take on Indeed and ZipRecruiter in mass-market job search

Talent.com raises $120M to take on Indeed and ZipRecruiter in mass-market job search

2 years ago
Anonymous $R5WK5a8uaN

https://techcrunch.com/2022/03/15/talent-com-raises-120m-to-take-on-indeed-and-ziprecruiter-in-mass-market-job-search/

Online recruitment was one of the early and big hits of the first dot-com boom. But with more and more business processes moving online, online job search is the gift that keeps on giving, and so today comes news of another portal in the space raising a big round to take on the incumbents in the space with more innovative and accurate technology. Talent.com — a portal that aggregates both job ads posted directly by recruiters as well as ads from third-party recruitment sites — has picked up $120 million, a Series B round of funding that it will be using to continue expanding internationally, to invest further in its programmatic search platform and to introduce new products and service for users.

Talent.com has a pretty international profile — it currently lists around 30 million jobs from 1 million companies across 78 countries and 29 languages and sees more than 28 million monthly active visitors across that footprint — but the startup itself is based out of Montreal and this round is being led by Canadian VC Inovia Capital, with previous backer Caisse de dépôt et placement du Québec (CDPQ), and new investors Investissement Québec, Climb Ventures, BDC Capital, Fondaction, and HarbourVest Partners, also participating. Alongside the $120 million in equity, it has also raised $30 million in new debt financing from the Technology & Innovation Banking Group at BMO Financial Group.